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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 19 August 2025
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Displaying 2597 contributions

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Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

To come back to more conventional investment, where investors have equity in the business, what are the exit strategies for them?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

Perhaps I could ask one final question. We have spoken about due diligence, but that does not just stop at the point of purchase. What on-going due diligence do you maintain over such investments?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

When did it give that undertaking?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

Yes, but receiving bids is part of the result of an exit strategy—it is not an exit strategy in itself.

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

Is there no possibility of laying off that liability?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

A strategy implies that there is some proactive effort being put into achieving the ultimate aim of the sale.

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

Is there?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

You are working on the strategy to do that, or you are—

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

Okay. I will let you off at that.

How do you approach the assessment of potential investments by the Scottish Government? Are there key criteria that you apply? Are there policy priorities that you wish to achieve?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

When will that investment be made? I presume that you have been in discussions for eight years.